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World prices for oil are rising, prices for Brent oil are in the region of the maximum since the fall of 2018 against the background of decreasing demand for OPEC countries, the available data of traders.
As of 7.44 Moscow time, the price of April futures for North Sea Brent crude oil mixture rose by 0.63%...

The price of oil without OPEC+ deals could fall to $ 25 per barrel. This was announced by the Minister of Energy of the Russian Federation Alexander Novak during the Russian Investment Forum in Sochi.
“Overproduction would be large enough (without an OPEC+ transaction - ed.), the reserves would grow significantly and exceed the average five-year...

The non-OPEC countries participating in the agreement to reduce oil production in January fulfilled the terms of the deal by only 25% due to increased production in Kazakhstan and low rates of reduction in Russia and Azerbaijan, according to the February report of the International Energy Agency (IEA), TASS reports.
According to the IEA estimates, in...

A number of Azerbaijani-Turkmen documents were discussed at the plenary session of the National Parliament of Azerbaijan on February 12, Trend reports.
Deputies discussed the Joint Declaration of the Presidents of Azerbaijan and Turkmenistan, the Agreement "On the simplification of the visa regime for participants of international transport carried out with the crossing of the territories...

One of the priority areas of sectoral research institutions should be the development of recommendations for the innovative development of the oil and gas industry, including digital well projects and fields. The urgency of this task was stated by President Gurbanguly Berdimuhamedov at a government meeting held last Friday.
The head of state focused on the...

The possibilities for further development of cooperation were discussed at a meeting in the administrative building of the oil and gas complex of Turkmenistan with a delegation of the international company Petronas (Malaysia), headed by the Vice-President and Chief Executive Officer Datuk Mohd Anuar Bin Taib.
Petronas Carigali (Turkmenistan) SBN BHD has been operating in our...

Last week, 17 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan.
Entrepreneurs from Panama purchased straight-run gasoline from the Seydi oil refinery for foreign currency. In addition, representatives of business circles of Russia, the United Arab Emirates, Turkey, Ukraine, and Uzbekistan purchased plain glass, Portland cement, and cotton yarn. The total...

On February 10, the International Oil and Gas Conference and Exhibition PetroTech-2019, organized by India’s leading oil and natural gas company, ONGC, the Federation of Indian Petroleum Industry (FIPI), with the official support of the Ministry of Petroleum and Natural Resources, began its work in the capital of India. To participate in the forum on...

President Gurbanguly Berdimuhamedov spoke about the need to improve laws to attract both foreign and domestic investments in the national economy at an annual meeting with deputies of the Mejlis (Parliament) of Turkmenistan, at which he outlined key vectors for the future work of parliamentarians for the near future.
The President called the formation of the...

World oil prices in the morning of February 8 are falling amid worsening concerns over the prospects for trade relations between the two largest world economies - the United States and China. This is evidenced by the data of the auction.
At 7.42 Moscow time, the price of April futures for North Sea Brent crude oil...

President of Turkmenistan Gurbanguly Berdimuhamedov and the head of the Ministry of Foreign Affairs of the Russian Federation, Sergey Lavrov, met today in Ashgabat. On the same day, the foreign ministers of Turkmenistan and the Russian Federation held talks, after which a press conference was held, during which S. Lavrov spoke about the key areas...

Topical issues of bilateral strategic cooperation in the political-diplomatic, trade, economic, cultural and humanitarian areas were discussed during the talks in Ashgabat by the heads of foreign ministries of Turkmenistan and the Russian Federation, the website of the Foreign Ministry of Turkmenistan reports.
During the talks, the Minister of Foreign Affairs of Turkmenistan, Rashid Meredov, and...

Detailed preparation for holding the First Caspian Economic Forum, which will be held on August 12, 2019 in the Avaza national tourist zone, has begun in Turkmenistan. Organizational and analytical work is concentrated in the Coordination Center of the Ministry of Foreign Affairs of Turkmenistan, the website of the Foreign Ministry reports.
The first such forum...

Gurbanguly Berdimuhamedov outlined the key tasks for the leaders of the government of Turkmenistan in 2019, speaking Friday at an expanded meeting of the government, which summarized the country's socio-economic development in 2018 and identified future plans.
The President instructed the heads of the financial and economic complex to take under special control the implementation of...

At the State Commodity and Raw Materials Exchange of Turkmenistan held last week, 40 transactions were registered.
Entrepreneurs from the United Kingdom, Switzerland, Estonia, Hong Kong, the United Arab Emirates, Uzbekistan, and Kyrgyzstan purchased for the foreign currency road bitumen produced at the Turkmenbashi complex of oil refineries.
Businessmen from the Russian Federation purchased high-density polyethylene and...